Posted by Alex Leow Sze Shen > 2013-07-29 16:05 | Report Abuse

the golden hour is here!

Posted by jasonlim84 > 2013-07-29 16:06 | Report Abuse

start rocking

Posted by Alex Leow Sze Shen > 2013-07-29 16:07 | Report Abuse

let's see golden hour can have special rebound

Posted by sheep > 2013-07-29 16:18 | Report Abuse

bo lak...no strength

Posted by jasonlim84 > 2013-07-29 16:22 | Report Abuse

lol. need tongkat ali

Posted by iafx > 2013-07-29 16:24 | Report Abuse

LA in green though...

Posted by Tripaka > 2013-07-29 16:24 | Report Abuse

Then go buy power root. All tongkat ali.

Posted by jasonlim84 > 2013-07-29 16:25 | Report Abuse

lol surprise LA green!!

Posted by jimmy2u > 2013-07-29 16:34 | Report Abuse

la green not a surprise coz still below the mother trade !

Posted by jasonlim84 > 2013-07-29 16:41 | Report Abuse

but LA in short term not tat liquid compare to others.

Posted by jasonlim84 > 2013-07-29 16:51 | Report Abuse

WA premium -1.81%

Posted by Alex Leow Sze Shen > 2013-07-29 16:51 | Report Abuse

wow. mother drop 0.005 WA drop 0.015! Son on discount again!

Posted by jasonlim84 > 2013-07-29 16:52 | Report Abuse

bought .565 this morning. lucky no further drop

Posted by iafx > 2013-07-29 16:54 | Report Abuse

better than expected indeed :D

Posted by Ivan10 > 2013-07-29 16:56 | Report Abuse

i'm on board again =)

Posted by jasonlim84 > 2013-07-29 16:58 | Report Abuse

29/07/2013 -0.015
26/07/2013 +0.015
25/07/2013 -0.02
24/07/2013 +0.065
23/07/2013 -0.005
22/07/2013 -0.02

Posted by jasonlim84 > 2013-07-29 16:59 | Report Abuse

tommorrow +/- 0.15 ? lets estimate

Posted by Alex Leow Sze Shen > 2013-07-29 18:09 | Report Abuse

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS REDTONE INTERNATIONAL BERHAD (“REDTONE”)- ACQUISITION BY REDTONE TECHNOLOGY SDN BHD (“RT”), A WHOLLY-OWNED SUBSIDIARY OF REDTONE, FROM TSM GLOBAL BERHAD (“TSM”) OF 700,001 ORDINARY SHARES OF RM1.00 EACH IN MERIDIANOTCH SDN BHD (“MSB”) (“MSB SHARES”) REPRESENTING 50% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF MSB (“ACQUISITION”)

REDTONE INTERNATIONAL BERHAD


Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description REDTONE INTERNATIONAL BERHAD (“REDTONE”)- ACQUISITION BY REDTONE TECHNOLOGY SDN BHD (“RT”), A WHOLLY-OWNED SUBSIDIARY OF REDTONE, FROM TSM GLOBAL BERHAD (“TSM”) OF 700,001 ORDINARY SHARES OF RM1.00 EACH IN MERIDIANOTCH SDN BHD (“MSB”) (“MSB SHARES”) REPRESENTING 50% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF MSB (“ACQUISITION”)





Pursuant to Rule 9.19(24) and Rule 10.05 of Bursa Malaysia Securities Berhad ACE Market Listing Requirements, the Board of Directors of REDtone wishes to announce that RT had on 25 July 2013 entered into a Share Sale Agreement with TSM for the acquisition of the remaining 700,001 ordinary shares of RM1.00 each, representing 50% of the total paid-up capital of MSB from TSM for a total cash consideration of RM490,001.





Upon completion of the Acquisition, MSB will be a wholly-owned subsidiary of REDtone.





Please refer to the attachment for the full announcement in relation to the Acquisition.





This announcement is dated 29 July 2013.

Posted by Alex Leow Sze Shen > 2013-07-29 18:10 | Report Abuse

REDTONE INTERNATIONAL BERHAD


Particulars of substantial Securities Holder

Name TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
Address Level 12 (East Wing)
Berjaya Times Square
No. 1, Jalan Imbi
55100 Kuala Lumpur
NRIC/Passport No/Company No. 520223-01-5779
Nationality/Country of incorporation Malaysian
Descriptions (Class & nominal value) Ordinary Shares of RM0.10 each
Name & address of registered holder TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
Level 12 (East Wing)
Berjaya Times Square
No. 1, Jalan Imbi
55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities

Price Transacted (RM)

Acquired 22/07/2013
1,021,200





Circumstances by reason of which change has occurred Acquired via open market.
Nature of interest Direct
Direct (units) 7,000,000
Direct (%) 1.43
Indirect/deemed interest (units) 66,200,800
Indirect/deemed interest (%) 13.56
Total no of securities after change 73,200,800
Date of notice 25/07/2013



Remarks :
The Notice of Change in the Interests of Substantial Shareholder was received by the Company on 29 July 2013.


--------------------------------------------------------------------------------


Announcement Info

Company Name REDTONE INTERNATIONAL BERHAD (ACE Market)
Stock Name REDTONE
Date Announced 29 Jul 2013
Category Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No CK-130729-00C4D

Posted by jasonlim84 > 2013-07-29 18:27 | Report Abuse

lol tomorrow +++++ again

Posted by air01557 > 2013-07-29 18:35 | Report Abuse

"mother trade" what a term to use - hahahahahahaha

Posted by Alex Leow Sze Shen > 2013-07-29 19:22 | Report Abuse

VT buy more ---> tomolo uptrend same day with report out!

Posted by Ivan10 > 2013-07-29 20:05 | Report Abuse

VT sapu again..lol...

Posted by 9696 > 2013-07-29 20:30 | Report Abuse

VT sapu on 22 Jul not today..

Posted by Ivan10 > 2013-07-29 20:37 | Report Abuse

VT sapu on 22/7 which price range is about
22/07/2013 0.815 0.78 - 0.815 0.78 -0.02 (2.50%) 5,753,200

it still consider a good news for redtoners as the buy price is quite near to today closing price...
tmr might anticipated a very good move ...
good luck!

Posted by iafx > 2013-07-29 21:04 | Report Abuse

recap: http://www.theedgemalaysia.com/mobile/article.php?id=231068

Posted by Shannon Francis Bala > 2013-07-30 05:20 | Report Abuse

Good luck to all today. Have a Huat Tuesday. I am still waiting for the Quarterly Financial result. Must be either today or tomorrow.

Posted by Joyce Xavier > 2013-07-30 05:33 | Report Abuse

Hi Bala, can I have your email or Facebook? Tq

Posted by messiBarca > 2013-07-30 07:05 | Report Abuse

bala and alex, will redtone fly today?

Posted by Alex Leow Sze Shen > 2013-07-30 08:14 | Report Abuse

Fly me to the moon <----If you watch Triumph Of The Skies 2! It's a nice song!

Posted by jasonlim84 > 2013-07-30 08:18 | Report Abuse

if today/tommorrow result favorable then ho seh liao

Posted by viper88 > 2013-07-30 08:48 | Report Abuse

Buyer queues quite little compare to seller queues. Looks like Raya mood, a lot retailer want 2 pull out money from stock market to go holiday.

Posted by jasonlim84 > 2013-07-30 08:59 | Report Abuse

seem like the news not enough to stimulate the price

Posted by Alex Leow Sze Shen > 2013-07-30 09:01 | Report Abuse

still early, wait 1st n see

Posted by syafiqmasbop > 2013-07-30 09:16 | Report Abuse

hopefully will fly today

Posted by jasonlim84 > 2013-07-30 09:29 | Report Abuse

toward south

Posted by Hulk > 2013-07-30 09:34 | Report Abuse

set cut loss at 0.81

Posted by investor6988 > 2013-07-30 09:46 | Report Abuse

Force selling for those who purchased on 24th July and didnt pick up the shares.

Posted by iafx > 2013-07-30 09:51 | Report Abuse

SONA listing also draw a lot of $$$ at the moment, no worry, temporary only. good luck all! :)

Posted by Superman88 > 2013-07-30 09:58 | Report Abuse

omg..redtone bolat..

Posted by air01557 > 2013-07-30 10:02 | Report Abuse

guys follow the TREND ! Be careful !

Posted by Shannon Francis Bala > 2013-07-30 10:13 | Report Abuse

i bought 40 lots at 0.55WA this morning

Posted by Alex Leow Sze Shen > 2013-07-30 10:16 | Report Abuse

from a reliable source, quarter report out today

Posted by Superman88 > 2013-07-30 10:17 | Report Abuse

dun think result will help much when market is red. example spritzer also lou sai even financial is good

Posted by Alex Leow Sze Shen > 2013-07-30 10:17 | Report Abuse

REDtone - Expanding Infra & Engineering Businesses
Author: kiasutrader | Publish date: Tue, 30 Jul 09:41



--------------------------------------------------------------------------------

News REDtone has entered into a share sale agreement with TSM Global Berhad (“TSM”) for the acquisition of the remaining 50% of Meridianotch S/B (“MSB”), which in turn owned 51% of REDtone CNXBroadband S/B (“RCB”), for a total cash consideration of RM490,001.

Upon completion of the acquisition, MSB will be a wholly-owned subsidiary of REDtone.

REDtone-CNX Broadband S/B is principally engaged in the provision of broadband services.

Comments We understand that the group is keen to assume full control of RCB, which is a provider of infrastructure & engineering WIMAX services in East Malaysia.

By having a controlling stake in RCB, management intends to widen as well as leverage its expertise by providing telco infrastructure and engineering services (i.e. set-up and maintenance of telco basestations; network testing; project management) to the whole country.

Nevertheless, management does not expect the acquisition to have any material financial impact to the group in FY14.

Outlook REDtone’s near-term catalysts will be mainly led by its RM82.5m USP project as well as the synergies arising from its recent NSA agreement with Maxis.

The group’s future earnings are likely to depend on: (i) its ability to secure more USP projects; and (ii) the degree of aggressiveness of Maxis’ 4G LTE services rollout, which we have yet to impute into our forecasts.

Forecast There are no changes in our FY13-FY14 earnings forecasts pending the upcoming 4Q13 result scheduled for release tomorrow.

Rating Maintain OUTPERFORM (under review)

Valuation We are keeping our REDtone target price of RM0.77 for now, pending the upcoming result release. Our current target price is based on targeted FY14 PER of 14.5x (+0.5SD).

Risks Dependency on a major partner – Maxis.

Failure to secure more USP programmes.

Source: Kenanga

Posted by iafx > 2013-07-30 10:30 | Report Abuse

juz to add that USP project also bring in RECURRING income, it's not an one off thing: http://www.thestar.com.my/story.aspx?file=%2f2012%2f11%2f12%2fbusiness%2f20121112142757

Posted by Superman88 > 2013-07-30 10:32 | Report Abuse

old news, iafx

Posted by iafx > 2013-07-30 10:34 | Report Abuse

it was added to alex's comment, USP is not an once off project

Posted by Dylan1027 > 2013-07-30 10:54 | Report Abuse

0.80... more to come..

Posted by viper88 > 2013-07-30 11:07 | Report Abuse

Retailers n contra sellers selling.